Retailers need to start preparing for a new global accounting standard that will come into effect in 2019, and implement lease management systems to capture rental data that can value their lease portfolio on a continual basis.

"My investment picks for this year in Melbourne would include older dwellings within one hour of the CBD that give good cash flow. If you're seeking capital growth over yields, then detached dwellings could also be a wise investment selection," says Steve Waters of Property Investment...